This report analyzes and compares BOSTON MEDICAL CENTER's employee health insurance and employee benefits with its industry and in Massachusetts State.
Providing a smart employee benefits package is critical for attracting top talent and retaining valuable employees. Today, employee benefits play a vital role when candidates consider accepting a job offer.
Many companies offer today over-the-top perks, like yoga classes, haircuts, catered meals, and acupuncture. In this report, we focus however on traditional benefits. It's a work in progress that we will expand and update on a regular basis.
This report contains the following sections
Career benefits
BOSTON MEDICAL CENTER has remarkable career benefits that have a great impact on employees' career. There are several coaching and mentoring programs, as well as onboarding program for new employees to help them fit in the BOSTON MEDICAL CENTER. remarkable tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: BOSTON MEDICAL CENTER continually evaluates its team members to determine the potential and direction of employees' careers. The impressive tools that BOSTON MEDICAL CENTER uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: BOSTON MEDICAL CENTER does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: exceptional development resources are what allows BOSTON MEDICAL CENTER to keep its team members in shape and widen their personal and professional horizons. Throughout the year, employees are encouraged to participate in exceptional workshops and learning groups with the focus on topics relevant to their respective fields.
- GED REIMBURSEMENT: BOSTON MEDICAL CENTER does not offer ged reimbursement.
- LEADERSHIP PROGRAMS: BOSTON MEDICAL CENTER offers a wide variety of superb courses and seminars for every team member who aspires to a leadership position. Employees are encouraged by BOSTON MEDICAL CENTER to grow as leaders and learn how to make tough calls.
- ONBOARDING: Whether the newcomer is an entry-level employee or a seasoned manager, coming to a new place of work is never easy. That's why BOSTON MEDICAL CENTER offers an excellent Onboarding program to help new employees understand their role and cooperate with the rest of the team.
- RECOGNITION PROGRAMS: BOSTON MEDICAL CENTER knows that dedicated team members are hard to come by so it has an excellent Recognition program for those who stand out and continually contribute to BOSTON MEDICAL CENTER.
- TUITION REIMBURSEMENT: BOSTON MEDICAL CENTER has a great Tuition Reimbursement Program and participates with up to 25% of the costs for team members who want a job-related certificate or a degree.
Benefit | BOSTON MEDICAL CENTER | Industry | Massachusetts |
|---|---|---|---|
| Career planning Benefits | |||
| Coaching and mentoring Benefits | |||
| Development resources Benefits | |||
| GED reimbursement Benefits | |||
| Leadership programs Benefits | |||
| Onboarding Benefits | |||
| Recognition programs Benefits | |||
| Tuition reimbursement Benefits |
Healthcare benefits
BOSTON MEDICAL CENTER offers superb health benefits to its employees, of which some can be used by employee's family members. Besides an affordable healthcare insurance and a dental plan that includes recounstruction surgery, team members can enjoy BOSTON MEDICAL CENTER's superb maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: BOSTON MEDICAL CENTER is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why BOSTON MEDICAL CENTER implemented a solid counseling program that helps team members during office hours. Employees can receive a psychological and emotional support during difficult periods of their time and learn how to effectively cope with stress. This solid counseling program includes nutritional and fitness information as well.
- DENTAL PLAN: Team members at BOSTON MEDICAL CENTER have a remarkable dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. BOSTON MEDICAL CENTER partially pays for dentures and braces as well.
- HEALTH INSURANCE: BOSTON MEDICAL CENTER provides an outstanding health insurance plan that covers all sorts of medical expenses for employees and their families, including hospital stays and surgical procedures.
- HEALTH PLAN INCENTIVES: In an effort to improve the wellbeing and quality of life of its team members, BOSTON MEDICAL CENTER offers great health plan incentives for its employees. Employees have at their disposal various resources through which they can learn about their health and how to improve it.
- HEALTHCARE SPENDING ACCOUNTS: BOSTON MEDICAL CENTER has a remarkable healthcare spending account available for their team members. Funds that are placed there are tax-free and can be used for medical necessities. Whatever money is left in the account at the end of the year is automatically carried over to the next year.
- MATERNITY SUPPORT PROGRAM: BOSTON MEDICAL CENTER has a suitable maternity support program with helpful resources for its expecting team members in an effort to make their pregnancy go as smooth as possible.
- TELEHEALTH: BOSTON MEDICAL CENTER has a valuable telehealth policy available for its team members. Employees have access to exams and opinions over the phone which saves them a lot of time and stress. BOSTON MEDICAL CENTER can recommend a certain doctor or institution and covers up to 50% of the costs.
- VISION PLAN: BOSTON MEDICAL CENTER has an extraordinary Vision Plan for its team members who can count on coverage of a wide variety eye exams and procedures, as well as vision-related medical devices.
Benefit | BOSTON MEDICAL CENTER | Industry | Massachusetts |
|---|---|---|---|
| Counseling Benefits | |||
| Dental Plan Benefits | |||
| Health Insurance Benefits | |||
| Health Plan Incentives Benefits | |||
| Healthcare Spending Accounts Benefits | |||
| Maternity support program Benefits | |||
| Telehealth Benefits | |||
| Vision Plan Benefits |
Financial benefits
BOSTON MEDICAL CENTER offers first-class financial benefits for employees and their family members. A first-class 401(k) plan makes sure that employees have a secure retirement, while a generous, fully paid parental leave allows expecting mothers and fathers to enjoy their child's first year. Along with paid vacations, employees can enjoy fully paid commuting as well.
- 401(K) PLAN: BOSTON MEDICAL CENTER knows how important it is to think about retirement and start saving on time. That's why it offers a great 401(k) plan that enables every team member to build a decent retirement fund at their own pace. Team members are allowed to put aside up to 4% of their salary and BOSTON MEDICAL CENTER will match 50% of it. The employees can choose from multiple investment plans, according to their wishes and lifestyles. For those who are not sure about their investment options, BOSTON MEDICAL CENTER provides resources which will help team members decide what to do with their 401(k) plan. BOSTON MEDICAL CENTER offers a great vesting schedule with a gradual increase of 25% per year.
- ADOPTION ASSISTANCE REIMBURSEMENT: BOSTON MEDICAL CENTER has an exceptional Adoption Assistance Reimbursement program. It is one of the best available as it covers various court fees and attorney costs for team members, even if the child comes from a foreign country.
- BONUS PAY: BOSTON MEDICAL CENTER has an outstanding bonus plan. It makes sure that hardworking team members are properly rewarded for their individual contribution to projects as well as their cooperation with other team members.
- CHILDCARE DISCOUNT: BOSTON MEDICAL CENTER cooperates with partners and team members are eligible for superior discounts for a primary childcare.
- COMMUTER BENEFIT: BOSTON MEDICAL CENTER has a valuable commuting policy and offers commuter benefits that allow eligible team members to cover their transportation or parking costs up to a certain distance from the place of work.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: BOSTON MEDICAL CENTER offers an excellent daycare program for its employees. Team members can withdraw funds from a flexible spending account to cover all sorts of expenses related to daycare or eldercare.
- DISABILITY: BOSTON MEDICAL CENTER offers a remarkable short-term disability coverage for its team members. Through disability program, part of the employee's salary is replaced by the coverage for a limited time. This enables team members to have a financial stability during the difficult period of their lives and helps them to get back on track.
- LIFE INSURANCE: BOSTON MEDICAL CENTER offers a valuable life insurance policy to its team members for an affordable price. BOSTON MEDICAL CENTER participates with 50% of the costs of the policy which makes it enticing for employees to buy it. Beneficiaries of team members can expect to get up to 1 year worth of employee's salary.
- PAID TIME OFF: BOSTON MEDICAL CENTER realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why BOSTON MEDICAL CENTER has a top-notch vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: BOSTON MEDICAL CENTER recognizes the importance of giving back to the community so it offers a good volunteer time off program for its team members. Employees are encouraged to spend up to 20 working hours per year, paid by BOSTON MEDICAL CENTER, on volunteer work of their choice.
- PARENTAL LEAVE: BOSTON MEDICAL CENTER has an impressive parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | BOSTON MEDICAL CENTER | Industry | Massachusetts |
|---|---|---|---|
| 401(k) plan Benefits | |||
| Adoption assistance reimbursement Benefits | |||
| Bonus pay Benefits | |||
| Childcare discount Benefits | |||
| Commuter benefit Benefits | |||
| Daycare flexible spending account Benefits | |||
| Disability Benefits | |||
| Life insurance Benefits | |||
| Paid time off Benefits | |||
| Paid volunteer time off Benefits | |||
| Parental leave Benefits |
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